Maximize your FSA’s potential. Don’t let your Flexible Spending Account go to waste. If you don’t have any or don’t anticipate having any medical expenses, stock up on extra contact solution or other flexible spending items before the year’s end. Bonus tip: FSA plans now allow you to carry over $500 from year to year and may provide a grace period of up to 2 months and 15 days.
Tax reform took on new urgency for the Trump administration after it was unable to repeal and replace the Affordable Care Act (also known as the ACA or Obamacare), but disagreements that persist between the president and GOP leaders in Congress have put any action in doubt for now. The Senate has passed a budget plan, but no specifics regarding tax reform have been worked out yet, leaving the issue’s fate uncertain.
5 Ways Small-business Owners can Limit their Tax Liabilities
Year’s end is the perfect time to reflect on the previous year and prepare for the next. By finalizing your accounts, organizing your records and taking stock of your expenses, you’ll position your business for its best year yet.
But, neglecting a review of your tax liabilities is a critical yet common mistake.
How to Invest in 2017: The 5 Best Mutual Fund Ideas
Shiller's CAPE ratio evaluates the price of a stock compared to its historical earnings (adjusted for inflation). On average, the CAPE ratio is 16.71. That’s based on data running from the beginning of 1871 through October of 2016 – well over 100 years of history. What’s CAPE today? As of December 2016, the CAPE ratio is 28. That’s 75% higher than the average of 16.71.
More Americans, especially millennials, are interested in investing in sustainably minded companies that hold a tangible connection with their social values.Robert Johnson, president and CEO of American College of Financial Services in Bryn Mawr, Pennsylvania, predicts the election of President Donald Trump will be a "boon for impact and socially responsible investing."
5 Financial Resolutions For Your Family and Kids in 2017
Now that 2016 is ending, it’s that time of year again to start thinking and planning about all the positive New Year's Resolutions we can make. Of course, so many resolutions always seem to fall by the wayside, empty promises that never get the follow through they deserve. Life happens, responsibilities get in the way, or we lose our momentum by mid-January. One of your New Year’s resolutions might even be to fulfill your New Year’s resolutions without fail. But the numbers still stand: a very small percentage of us fully realize and accomplish the resolutions we initially set out to make.
If you're in a short-term cash crunch, should you raid your 401(k) plan and take out a loan?
Many Americans do, according to a study from the Pension Research Council at the Wharton School at the University of Pennsylvania. That study showed 20 percent of 401(k) plan participants had loans outstanding from their plans, while 40 percent have borrowed at some time or other in a five-year period between 2009 and 2014.
Estate planning that addresses retirement plans is becoming more important than ever. As the baby boomers age and retire, we are
witnessing that much of their wealth is reflected inside of qualified retirement plans such as IRAs and 401(k)s.
2017 New Year's Financial Resolutions for You and Your Family
As the holidays approach and another year comes to a close, it’s time to start thinking about the New Year s resolutions we can make once the calendar turns to 2017. That usually involves ruminating on all the resolutions we promised to keep this same time last year, yet somehow failed to follow through on. Then there are the ones that got off to an optimistic start before ultimately losing momentum. And the numbers still stand: a very small percentage of us fully realize and accomplish the resolutions we initially set out to make.
20 Percent Tax on Mexican Goods? Consumers Likely Would Pay More.
President Donald Trump wants to impose a 20 percent tax on goods imported from Mexico, but if you’re planning on picking up a wool-and-leather handbag imported from Mexico or to have a Mexican beer at your local tavern, you’d pay an even higher premium, Chicago business owners say. That’s because Mexican importers of everything from handbags to sugar to avocados likely would raise their prices as a defensive measure even before the U.S. tariff was imposed, if indeed it ever takes effect, they say.
For the small-business owner, now is the perfect time of the year to take stock of what can be improved. Business owners have a special knack for hard work, knowledge, and persistence, all fueled by an unwavering passion to be the best. Let's visit some financial resolutions that can be implemented right now to help you be the best of the best.
Millennials are routinely bombarded with the message to save for retirement. Fifty-nine percent are heeding the call and saving regularly, according to the 2016 Wells Fargo Millennial Study. While many millennials are saving, they're doing so cautiously. A recent Bankrate survey found that just one-third of young adults invest in the market.
Forbes Names Craig Bolanos Among America's Top Financial Advisors
CHICAGO — March XX, 2018 – Craig Bolanos an independent financial advisor at Wealth Management ... Read more
CHICAGO — March XX, 2018 – Craig Bolanos an independent financial advisor at Wealth Management Group in Inverness, IL was recently recognized by Forbes as one of the 2018 Best-In-State Wealth Advisors. According to Forbes, advisors selected for the inaugural list were assessed on a variety of criteria, including years of experience, community involvement and client retention data*. “This is a huge accomplishment,” said Andy Kalbaugh, LPL managing director and divisional president, National Sales and Consulting. “It takes a tremendous amount of dedication and experience to achieve this level in our industry. Craig Bolanos has committed to his role in supporting his clients’ financial lives and is a great example of the value the independent model has to grow successful businesses. We are proud to be an enabling partner to Bolanos and wish his continued success.” Bolanos has been providing financial services to clients in the Chicagoland area since 2003. Craig’s goal is to provide a full range of comprehensive services under the umbrella of Wealth Management Group in the hope that each client can achieve their own definition of true wealth. The firm is dedicated to the highest standards when delivering investment services and this recognition is a testament to that effort. Bolanos is an LPL Financial advisor. LPL is the nation’s largest independent broker-dealer** and a leader in the retail financial advice market, providing resources, tools and technology that support advisors in their work to enrich their clients’ financial lives. About Wealth Management Group Located in Inverness, Illinois, Wealth Management Group LLC has been helping clients work towards financial security with a professional approach to wealth planning, accumulation and preservation. Since opening in 2003, the company’s mission has been clear – to inspire clients to make informed decisions through education, communication and service which will far exceed their needs and guide them towards a successful financial future. They provide services including asset management, financial planning, tax services, and estate planning. Their independent approach for individuals and families is 100% independent, objective, and free from proprietary products and sales quotas. This approach is supported by LPL Financial, the nation's largest independent broker/dealer. The majority of our advisors at the group have attained AIF® designation and have the knowledge of a Global Fiduciary Standard of Excellence and apply this global standard into their own practice. For more information visit investwithwmg.com. *The Forbes Best-In-State Wealth Advisor ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings. About LPL Financial LPL Financial is a leader in the retail financial advice market and the nation’s largest independent broker/dealer**. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. LPL.com / NASDAQ: LPLA **Based on total revenues, Financial Planning magazine, June 1996-2017 LPL Financial, Forbes magazine and SHOOK Research are separate entities. Securities and Advisory Services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC
Awarded to Craig
Bolanos for Outstanding Client Service. This premier award is presented to less
than 1% of LPL Financial Advisors based on annual production ranking of
registered financial advisors supported by LPL Financial.
Barron’s brings together the best in the business for a free-flowing exchange of information, ideas and insights through peer-based communication and an unwavering focus on best practices and winning wealth-management strategies.
2004-2010 Chairman's Club Award
Awarded to Craig Bolanos for Outstanding Client Service. This premier award is presented to less than 5% of LPL Financial Advisors based on annual production ranking of registered financial advisors supported by LPL Financial.
2011-2016 Chairman's Council Award
Awarded to Craig Bolanos for Outstanding Client Service. This premier award is presented to less than 2% of LPL Financial Advisors based on annual production ranking of registered financial advisors supported by LPL Financial.
Best of the Best
2014 Readers Choice- Daily Herald
Wealth Management Group was voted Reader’s Choice Best of the Best for Financial Planning by the Daily Herald in 2014.